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by rundmc
1286 days ago
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The OECD has just published it's updated Pensions Outlook which explains to governments how to implement Asset Backed Tontine style pensions to make the global pensions sector more financially robust and to better serve the needs of retirees. The team here at Tontine Trust (https://tontine.com) are committed to adding a "Proof of Reserves" feature that will prevent the above quoted shenanigans by exposing the assumptions being relied upon to keep the auditors happy but that the pension funds may not want their members or the public at large to know. https://www.oecd.org/pensions/oecd-pensions-outlook-23137649... |
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Edit: since the passage of the Life Assurance Act 1774 tontines have been illegal in the UK.